The recently concluded NFL Draft was one of the few bright spots in the sporting world during the coronavirus shutdown of 2020. Coupled with the beginning of the NFL’s free agent signing period back on March 18, there has been plenty of buzz in the pro football world over the springtime. Of course, news of Tom Brady’s two-year, $50 million deal with the Tampa Bay Buccaneers was always going to generate headlines, but Drew Brees was another over-40 quarterback who signed a similar two-year, $50 million deal with his New Orleans Saints, although only $25 million of that was guaranteed.

To determine the biggest NFL contracts signed so far in 2020, GOBankingRates collected data from Spotrac to rank the year’s signings in terms of total contract dollars. Other factors included total years on contract, average annual value of the contract and total guaranteed money.

As demonstrated by the Brady and Brees deals, the biggest deals of 2020 include both fresh signings and contract extensions. A good diversity of offensive and defensive players is also represented, with 3 of the top 5, and 5 of the top 10 deals going to defensive players.

An important point to note in the rankings is that while the total announced dollar figures can be a bit mind-blowing, many of these contracts have much smaller guaranteed amounts. For example, Chicago Bears cornerback Kyle Fuller nabbed a $27 million dollar contract, but only $7.5 million of that, or about 28%, is guaranteed.

Nonetheless, even as the American economy shut down in the spring of 2020, none of these players were hurting. If they can continue to pull down contracts in the tens or hundreds of millions of dollars, they may soon find themselves among the ranks of the richest athletes in the world.

Methodology: GOBankingRates used Spotrac’s NFL contract data from contracts signed in the year 2020 to find the 50 biggest NFL contracts signed so far in the 2020 offseason. GOBankingRates looked at all contracts signed by any player in the year 2020 and took the top 50 in terms of overall contact dollars to be included as the biggest contracts signed as of April 21, 2020. With this criteria set, GOBankingRates found the following data points for each of the 50 biggest contracts: (1) years of contract; (2) total dollars in the contract; (3) average annual value of contract found by dividing total dollars by the years in the contract; (4) total guaranteed money from the total contract; (5) total guaranteed money at the signing of the contract; (6) the percent of the contract that is guaranteed; and (7) the 2020 through 2024 cap hit for each contract where applicable. All data was collected on and up to date as of April 21, 2020.

About the Author

Joel Anderson is a business and finance writer with over a decade of experience writing about the wide world of finance. Based in Los Angeles, he specializes in writing about the financial markets, stocks, macroeconomic concepts and focuses on helping make complex financial concepts digestible for the retail investor.

The recently concluded NFL Draft was one of the few bright spots in the sporting world during the coronavirus shutdown of 2020. Coupled with the beginning of the NFL’s free agent signing period back on March 18, there has been plenty of buzz in the pro football world over the springtime. Of course, news of Tom Brady’s two-year, $50 million deal with the Tampa Bay Buccaneers was always going to generate headlines, but Drew Brees was another over-40 quarterback who signed a similar two-year, $50 million deal with his New Orleans Saints, although only $25 million of that was guaranteed.

To determine the biggest NFL contracts signed so far in 2020, GOBankingRates collected data from Spotrac to rank the year’s signings in terms of total contract dollars. Other factors included total years on contract, average annual value of the contract and total guaranteed money.

As demonstrated by the Brady and Brees deals, the biggest deals of 2020 include both fresh signings and contract extensions. A good diversity of offensive and defensive players is also represented, with 3 of the top 5, and 5 of the top 10 deals going to defensive players.

An important point to note in the rankings is that while the total announced dollar figures can be a bit mind-blowing, many of these contracts have much smaller guaranteed amounts. For example, Chicago Bears cornerback Kyle Fuller nabbed a $27 million dollar contract, but only $7.5 million of that, or about 28%, is guaranteed.

Nonetheless, even as the American economy shut down in the spring of 2020, none of these players were hurting. If they can continue to pull down contracts in the tens or hundreds of millions of dollars, they may soon find themselves among the ranks of the richest athletes in the world.

Methodology: GOBankingRates used Spotrac’s NFL contract data from contracts signed in the year 2020 to find the 50 biggest NFL contracts signed so far in the 2020 offseason. GOBankingRates looked at all contracts signed by any player in the year 2020 and took the top 50 in terms of overall contact dollars to be included as the biggest contracts signed as of April 21, 2020. With this criteria set, GOBankingRates found the following data points for each of the 50 biggest contracts: (1) years of contract; (2) total dollars in the contract; (3) average annual value of contract found by dividing total dollars by the years in the contract; (4) total guaranteed money from the total contract; (5) total guaranteed money at the signing of the contract; (6) the percent of the contract that is guaranteed; and (7) the 2020 through 2024 cap hit for each contract where applicable. All data was collected on and up to date as of April 21, 2020.

About the Author

Joel Anderson is a business and finance writer with over a decade of experience writing about the wide world of finance. Based in Los Angeles, he specializes in writing about the financial markets, stocks, macroeconomic concepts and focuses on helping make complex financial concepts digestible for the retail investor.

Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all deposit accounts available.